GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.013160000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.014100000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.014660000 |
| 2nd High | 0.014470000 |
| Next High | 0.014100000 |
| Current Price | 0.013880000 |
| Next Low | 0.013160000 |
| 2nd Low | 0.013120000 |
| 3rd Low | 0.012480000 |
0.014100000 – 0.013720000 – 0.013930000 – 0.013160000 – 0.013120000 – 0.013400000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Southern Doji – Head and Shoulder chart pattern